NOT LISTED FOR SALE
9 Beds
6 Baths
3,941 Sq Ft
10,372 Sq Ft Lot

Sale Details

Date Sold: March 9, 2022

Last sale price $2,570,000 $652 Per Sq Ft

25 Days on Market

Highlights

  • Post and Beam
  • Fireplace
  • Secured Garage or Parking
  • George C. Payne Elementary School Rated A-
  • 5 Car Attached Garage
  • Forced Air Heating System

About This Home

As of March 2022

Rare 3941sf fully remodeled Westgate apartment building with 6 car garage and 13 uncovered parking spaces. The number 1 unit is perfect with gourmet kitchen, luxury master bath, private laundry closet, separate yard and separate 2 car garage for someone looking to owner occupy with 30year loan rates as low as 2.875%. Over $250,000 in improvements since purchased in 2016. All units have open floor plan with large kitchen & living room and lots of light. Top Moreland schools include Payne Elementary & Moreland Middle plus Prospect High. Building improvements include: quality double pane windows & hardwood floors, stainless steel appliances, hardwood cabinets with granite counters and LED can lights throughout building. All new 2016 copper plumbing throughout building except for unit 1&2. Beautiful grounds with mature trees, shrubs and new fence. Popular Westgate neighborhood which is close to shopping & entertainment. Great commute close to San Thomas Exp, Lawrence Exp, 85, 280 & 880

Last Agent to Sell the Property

Paul Burdick

Compass License #00877117 Listed on: 12/04/2021

Compass

Last Buyer's Agent

Elizabeth Tang

Sincere Crown Realty License #01916901

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 10,372

Parking

  • 5 Car Attached Garage
  • Secured Garage or Parking
  • Uncovered Parking
  • Unassigned Parking

Home Design

  • Quadruplex
  • Post and Beam
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,941 Sq Ft Home
  • 2-Story Property
  • Fireplace

Additional Features

  • 10,372 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $125,820

Community Details

Overview

  • 3,941 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $2,000
  • Manager Expense $2,400
  • Other Expense $634
  • Utility Expense $3,300
  • Trash Expense $2,000
  • Operating Expense $33,834
  • Gross Income $127,820

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

10,372 Sq Ft Lot

Parking

5

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3941
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Living Sq Ft: 3941
  • Stories: 2
  • Security: Secured Garage / Parking

Exterior Features

  • Foundation: Concrete Perimeter, Post And Beam
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 13
  • Garage Parking Features: Attached Garage, Unassigned Spaces, Uncovered Parking

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 241

Lot Info

  • Lot Acres: 0.2381
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10373.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10373.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 19.55
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Management: 2400
  • Expenses Other: 634
  • Expenses Total: 33834
  • Expenses Utility: 3300
  • Expense Trash: 2000
  • Income Annual Gross: 127820.00
  • Income Annual Rental: 125820
  • Income Gross Scheduled: 127820
  • Income Includes: Coin Operated Equip, Lease
  • Income Other: 2000
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Principle & Interest, Maintenance - Laundry, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2021
Closed on
Feb 15, 2022
Sold by
Bought by
Seller's Agent
Paul Burdick
Compass
Buyer's Agent
Elizabeth Tang
Sincere Crown Realty
List Price
$2,499,500
Sold Price
$2,570,000
Premium/Discount to List
$70,500
2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Outstanding Balance
$520,093
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2020
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 3, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 2006
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,570,000 Chicago Title
-- None Available
-- Old Republic Title Company
$1,575,000 Old Republic Title Company
-- None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $570,000
Previous Owner $925,000
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/09/2022 03/09/22 Sold $2,570,000 +2.8% $652 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
12/04/2021 12/04/21 For Sale $2,499,500 -- $634 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $29,109 $2,320,000 $1,670,000 $650,000
2025 $29,109 $2,727,304 $2,048,131 $679,173
2024 $35,244 $2,673,828 $2,007,972 $665,856
2023 $34,815 $2,621,400 $1,968,600 $652,800
2022 $24,138 $1,756,939 $1,316,311 $440,628
2021 $23,749 $1,722,490 $1,290,501 $431,989
2020 $23,400 $1,704,829 $1,277,269 $427,560
2019 $22,593 $1,671,402 $1,252,225 $419,177
2018 $22,064 $1,638,630 $1,227,672 $410,958
2017 $21,805 $1,606,500 $1,203,600 $402,900
2016 $12,003 $853,506 $583,327 $270,179
2015 $11,877 $840,686 $574,565 $266,121
2014 $11,496 $824,220 $563,311 $260,909
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81871806

MLSListings

APN: 307-26-048

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